SayPro Sponsorship Agreements: Signed agreements with sponsors confirming their financial commitments and participation in the festival.

SayPro Sponsorship Agreements

Signed Agreements with Sponsors Confirming Their Financial Commitments and Participation in the Festival.

A Sponsorship Agreement is a formal contract between SayPro and the sponsors that outlines the terms and conditions for the sponsor’s involvement in the festival. It serves to confirm the sponsor’s financial commitment and clearly defines both parties’ responsibilities, ensuring transparency and accountability throughout the event planning and execution stages.

Below is a template for a Sponsorship Agreement that can be customized to reflect the specific needs of your sponsors and the festival.

SAYPRO SPONSORSHIP AGREEMENT

This Sponsorship Agreement (“Agreement”) is entered into by and between:

Sponsor:
[Full Name of Sponsor]
[Address of Sponsor]
[Contact Person, Title]
[Phone Number]
[Email Address]

SayPro Festival Management
SayPro Development Royalty
[Address]
[Contact Person, Title]
[Phone Number]
[Email Address]

1. Purpose of Agreement

This Agreement is made to confirm the sponsor’s financial commitment to participate in the SayPro Festival [or specify the event] (“Event”) to be held on [Event Date(s)] at [Event Location]. The sponsor agrees to provide financial support for the Event as outlined in this Agreement, in exchange for sponsorship benefits.

2. Sponsorship Package & Financial Commitment

Sponsorship Level:

• [Platinum/Gold/Silver/Bronze/Custom]

Total Sponsorship Fee:

• $[Amount]

Payment Terms:

• 50% of the sponsorship fee is due upon signing this Agreement.
• The remaining 50% is due by [Payment Due Date].
• Payments should be made to:
  [Payment Details]

3. Sponsor Benefits

In exchange for the sponsorship commitment, the Sponsor will receive the following benefits as part of the [chosen sponsorship package]:

• Branding & Exposure:
  • [Logo placement on Event materials, stage banners, website, etc.]
  • [Social media mentions and posts]
  • [Brand visibility on event signage and marketing materials]
• Event Access:
  • [VIP tickets, access to exclusive events, etc.]
  • [Booth space or activation space details]
• Media Exposure:
  • [Press releases, media coverage mentions, etc.]
• Custom Activations (if applicable):
  • [Details of any custom activations such as workshops, product demos, etc.]

4. Sponsor Responsibilities

• The Sponsor agrees to provide the required materials, including but not limited to:
  • [Logo files, product samples, promotional materials, etc.]
  • Any digital or physical assets required for sponsor activations (e.g., giveaways, banners, etc.).
• The Sponsor is responsible for any additional costs associated with their participation, such as travel, accommodation, and additional marketing materials beyond the benefits outlined in this Agreement.

5. Event Cancellation & Force Majeure

In the event of unforeseen circumstances, including but not limited to natural disasters, government restrictions, or other emergencies, the SayPro Festival may be postponed, canceled, or modified. The following terms apply in such circumstances:

• Cancellation by Sponsor: The Sponsor may cancel their participation, but the Sponsor’s financial commitment will only be refundable under special circumstances, which will be discussed and agreed upon by both parties.
• Force Majeure: If the event is delayed or canceled due to a force majeure event (e.g., natural disasters, pandemics, acts of war), the Sponsor agrees that their financial commitment will be either refunded or credited toward a future event, depending on the circumstances.

6. Intellectual Property Rights

• The Sponsor grants SayPro the right to use their logo, brand name, and other intellectual property for the purpose of promoting the Event in accordance with the benefits outlined in this Agreement.
• The Sponsor agrees that SayPro retains ownership of all intellectual property created by the Event itself, including event branding, promotional materials, and content generated during the Event.

7. Indemnification

• The Sponsor agrees to indemnify and hold harmless SayPro, its officers, employees, and agents from any claims, damages, liabilities, or expenses arising out of the Sponsor’s participation in the Event or due to any breach of this Agreement by the Sponsor.

8. Governing Law and Dispute Resolution

• This Agreement will be governed by the laws of [State/Country].
• In the event of any disputes, the parties agree to attempt to resolve the issue through mediation or other alternative dispute resolution methods before seeking formal litigation.

9. Agreement Term

This Agreement is effective upon the signature of both parties and shall remain in effect until the conclusion of the SayPro Festival and all post-event obligations (including payments) have been completed.

10. Signatures

Both parties acknowledge that they have read, understood, and agreed to the terms outlined in this Sponsorship Agreement.

For the Sponsor:
Signature: ___________________________
Name: ______________________________
Title: ______________________________
Date: ______________________________

For SayPro Festival Management:
Signature: ___________________________
Name: ______________________________
Title: ______________________________
Date: ______________________________

11. Attachments

• Sponsorship Package Details
• Payment Details/Instructions
• Sponsor Deliverables Checklist

Conclusion

Once signed, this Agreement solidifies the Sponsor’s participation in the SayPro Festival, outlining all expectations, rights, and responsibilities for both parties. Having a signed agreement ensures clarity on both the financial commitment and the benefits the sponsor will receive.